The home of Rokk Ebony Salon at 442 Toorak Road is being brought to market amid the ongoing revitalization of the tightly held Village precinct.  

The CBRE team of David Minty, Nathan Mufale, Alex Brierley and JJ Heng are marketing 442 Toorak Road, Toorak for sale in conjunction with vendor advisor David Marks of Killen Thomas via a public Expressions of Interest process.

The prominent corner freehold is being offered with $320,000 of net income from multiple tenants,  and highly flexible Commercial 1 zoning with 48 metres* of frontage to Toorak Road and Carters Avenue.

The favorable discretionary height allowance provides strong height precedence for future development scope within a precinct undergoing substantial investment in future projects.

The offering is positioned within the exclusive Toorak Village retail precinct, one of Australia’s most coveted and tightly held retail strips. Long has The Village serviced the local shopping and entertainment demands of one of the country’s wealthiest retail catchments.

“Given the flexibility of the offering we anticipate interest from a variety of different buyer profiles including owner/occupiers, investors and developers. It really is a trophy asset positioned on arguably the best corner in Toorak Village. ” Mr Marks said.

The opportunity comes following the high-profile acquisition of the Toorak Village Mercedes Benz dealership. This will result in significant ongoing revitalization through plans by the developer for over $450 million of luxury residential and commercial development within the area.

Another acquisition in The Village includes the Vicland Property Groups purchase of the Village Way Arcade which will feature a 9-level $600million commercial and retail development of 10,000sqm coined St Germain and primarily targeted at locally based family offices.

“Such high-profile projects demonstrate unrivalled confidence and investment in The Village and its ability to attract major office and retail tenants, as well as achieve some of the highest residential sales rates in Victoria.” Mr Brieley stated.  

“This is further underpinned with Toorak recording the state’s highest median house price of $5,500,000, representing a 12% increase in the past 12 months as the suburb absorbed $1billion in luxury residential home sales in 2021.” Mr Brierley added.

The Expressions of Interest process is due to conclude in July 2022. 

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.